At the bottom of the downtrend piercing pattern occurred. Entry at 1048 with the stop loss at 971. The risk is of 77, the target can be 1125.
, , BEML
, , BEML
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Very Good observation ,Dilil Suresh .
Only concern is it has a good upper wick, but the volume has sky rocketed , so this should give a strength to the bullish piercing signal.
Entry should be above the high of the bullish piercing candle of 1050.
Thanks and regards,
Dr. Bhushan.
Very good!
Dilil Suresh,
Congrats, BEML is up more than 6% today. It has made a high of 1141 till 11.30 of 08/05/2018.
Keep it up.
Thanks and regards,
Dr. Bhushan
Really an awesome find! 3 days with great amount of volume. Frenzy buying